Bit streaming
Number, text, audio, video are all represented in binary form on computer. They are all represented by a bunch of 0s and 1s. Each 0 or 1 is called a bit. When there is a need to transmit the information over internet, the 0s and 1s are transmitted continuously over a communication path in a contiguous way, which is referred to as serial transmission. By serial, it means the bits are transmitted one by one.
Real-time streaming
Real time streaming is a technique of broadcasting the media content of something when it is happening, such as a sports event. It is also called live streaming. The event is captured live with a video camera and is delivered to the end users. The event is not recorded and stored on storage device, so it can not be paused or rewound.
On-demand streamin
On-demand streaming is another category of streaming media.